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Home > My CC Debt to Retiremt Savings Ratio

My CC Debt to Retiremt Savings Ratio

August 8th, 2011 at 12:43 pm

This isn't a real financial benchmark ratio, as far as I know. But, 5 years ago, it was about 100%. In other words, I owed about as much on credit cards as I had saved toward my retirement - $30,000.

I calculated this ratio again, and it is now 20%, even with the pathetic performance of my retirement fund over the past several weeks (thanks, congress). Or, for every dollar I have saved towards retirement, I owe twenty cents in credit card debt.

Of course, my goal is to have that ratio down to zero.

Posted in Credit Cards, Debt, Retirement, Saving Money | 3 Comments »

3 Responses to “My CC Debt to Retiremt Savings Ratio”

  1. rob62521 Says:
    August 8th, 2011 at 01:09 pm 1312808996
    1312808996

    You are coming along...keep up the good work!

  2. creditcardfree Says:
    August 8th, 2011 at 01:43 pm 1312811021
    1312811021

    Well 20% in this case is better than 100%. Keep going!!

  3. Miz Pat Says:
    August 8th, 2011 at 03:20 pm 1312816811
    1312816811

    Right on!!! You are doing great.

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